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Aug 23, 2012
08/12
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that fiscal cliff is over. so they can say everything they want. but i think people will know who's been obstructing. >> well, will the republicans do the right thing and act on these tax cuts and spending cuts? or are they going to hang the economy out there and blame it on the democrats? >> oh, i think that it seems to me they want to put everything off until after the election. and we actually in the senate, we were able to do something i think that was very smart with harry reid's leadership. we were able to get them to stand down from the filibuster and we passed that tax cut. everybody gets it up to $250,000. after that, clinton tax cuts kick in for those over $250,000. we passed that with a majority vote, and they're sitting on it and won't do it. >> but the cbo report paints a very tough picture in january of 2013. and this is going to be an argument that the democrats are going to have to win with the public, is it snit not? this squarely puts the focus back on winning the argument. how do the democrats win that argument? >> as i said, num
that fiscal cliff is over. so they can say everything they want. but i think people will know who's been obstructing. >> well, will the republicans do the right thing and act on these tax cuts and spending cuts? or are they going to hang the economy out there and blame it on the democrats? >> oh, i think that it seems to me they want to put everything off until after the election. and we actually in the senate, we were able to do something i think that was very smart with harry...
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Nov 29, 2012
11/12
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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Dec 18, 2012
12/12
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the most pressing would be if there is a deal here on the fiscal cliff. and it does involve raising the income tax rates on high-income people. do republicans go along with that deal or stick back to the anti-tax, anti-tax on the wealthy sort of posture they have for years? the second would be guns in response to what's in the news this week. will there be any shift from republicans in recognition of where the party's been? will there be a shift there? and i think the third coming will be immigration. you talk about the latino vote there. the big move will be for there to be a big immigration reform next year. and do republicans moderate themselves on that or are we still stuck where it's everything is amnesty and it's off the table? >> but is it at the point, crystal, where you look at the fact that we're not hearing anything. even when we see manchin and others that have moved on gun legislation or gun control. these are democrats that had a different position. we haven't heard major republicans really come out and say much of anything. the same with im
the most pressing would be if there is a deal here on the fiscal cliff. and it does involve raising the income tax rates on high-income people. do republicans go along with that deal or stick back to the anti-tax, anti-tax on the wealthy sort of posture they have for years? the second would be guns in response to what's in the news this week. will there be any shift from republicans in recognition of where the party's been? will there be a shift there? and i think the third coming will be...
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Nov 30, 2012
11/12
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cliff. but on capitol hill, talks there have pretty much hit an impasse at this point. neither republicans nor democrats seem willing to budge on the issue of tax rates for the wealthy. unless the two sides can reach some kind of deal, spending cuts and also tax hikes will collectively take effect starting january 1st. the clock is ticking. >> it is. >>> the united nations has overwhelmingly approved recognition of a palestinian state, a move staunchly opposed by the u.s. and israel. >> but in the west bank and gaza, palestinians, they celebrated on the streets. the historic vote upgrades palestine to nonmember nonvoting observer status only. meanwhile, u.s. ambassador, susan rice, she denounced the resolution. saying, quote, it's counterproductive to the goal of mideast peace. >> and the palestinian people will wake up tomorrow and find that little about their lives has changed, save that the prospects of a durable peace have only receded. >> rice added that the u.s. will continue to stand
cliff. but on capitol hill, talks there have pretty much hit an impasse at this point. neither republicans nor democrats seem willing to budge on the issue of tax rates for the wealthy. unless the two sides can reach some kind of deal, spending cuts and also tax hikes will collectively take effect starting january 1st. the clock is ticking. >> it is. >>> the united nations has overwhelmingly approved recognition of a palestinian state, a move staunchly opposed by the u.s. and...
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Nov 30, 2012
11/12
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called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and fr
called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified...
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the whole fiscal cliff is forcing them to do something. but you nailed it on the specifics. it is tax rates. the president has said that tax rates will go up for the wealthy. republicans won't bend on that. yesterday, john boehner said, we are at a stalemate. yes, this is posturing. yes, this is washington. we have four weeks to go. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> reporter: you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're now facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and abc's john muller is covering the story. john? >> reporter: good morning, dan. hofstra students say iphones, computers and even cash has been disappearing from their dormrooms all semester. one victim used an app to track down her stolen ipad. when the investigation unfolded, the staggering news. now, four players from the division-i basketball team are under arrest. faces, covered in s
the whole fiscal cliff is forcing them to do something. but you nailed it on the specifics. it is tax rates. the president has said that tax rates will go up for the wealthy. republicans won't bend on that. yesterday, john boehner said, we are at a stalemate. yes, this is posturing. yes, this is washington. we have four weeks to go. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> reporter: you, too....
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Nov 12, 2012
11/12
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how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laugher curve in reverse. tax rates going up, revenues declining, creating a headwind for gdp. we're look at companies in the world for looking for global growth opportunity outside our borders. >> mark, let me get your standpoint on this. all year all we've been hearing about are dividend payers. why? because the yield -- there's no yield anywhere with rates where they ar
how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money...
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Dec 20, 2012
12/12
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a survey showed a third of the public is so concerned about the fiscal cliff and what our tax rates will be we have cut back on spending altogether. and the estimate for holiday sales is revised from 3.3 percent to 2.5 percent because of the fiscal cliff and super storm sandy and deep discounts. those deep discounts can continue on saturday, super saturday, the biggest shopping days of the year, a couple daze before christmas this year, so if you go in the store and you are look if 70 percent off sale you will find it. i am not sure your item will be in stop but you will like the price tag. happy shopping if you are not done already. i am. i am wrapped and i have the bows. >>neil: i knew you would rub that in. but processed meats and cheeses are everyone's favorite gift. tomorrow is my crist shopping tips if everyone. many americans country on tax refunded to pay if the holiday shipping bills they are stacking up but what if the refunds are delayed, seriously delayed? this wanting from the i.r.s., and i quote, "most taxpayers may not be able to file 1212 taxpayer returns until late in ma
a survey showed a third of the public is so concerned about the fiscal cliff and what our tax rates will be we have cut back on spending altogether. and the estimate for holiday sales is revised from 3.3 percent to 2.5 percent because of the fiscal cliff and super storm sandy and deep discounts. those deep discounts can continue on saturday, super saturday, the biggest shopping days of the year, a couple daze before christmas this year, so if you go in the store and you are look if 70 percent...
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Nov 12, 2012
11/12
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then there's the drama already on capitol hill over how to avoid plunging over the so-called fiscal cliff. are there enough republicans ready to raise revenue? but is that even enough to fix things without raising tax rates? plus, our autopsy of the campaign. now that florida has had enough time to decide who won there last tuesday, a deep dive into the oh, so coveted i-4 corridor. find out how the region that includes disneyworld turned into the democrats magic kingdom. good morning from washington. it's monday, november 12, 2012. this is "the daily rundown. "i'm chuck todd. this is the federal holiday in honoring veterans day, by the way. to my first reads of the morning. it's a shiny metal object, the david petraeus investigation. it's overshadowing what is the biggest story still in washington for the next two months. the president this week will kick off an effort to rally public support for a deficit reduction plan that includes tax increases on the wealthy, leveraging the political capital that he believes he earned last tuesday. >> this was a central question in the election. and
then there's the drama already on capitol hill over how to avoid plunging over the so-called fiscal cliff. are there enough republicans ready to raise revenue? but is that even enough to fix things without raising tax rates? plus, our autopsy of the campaign. now that florida has had enough time to decide who won there last tuesday, a deep dive into the oh, so coveted i-4 corridor. find out how the region that includes disneyworld turned into the democrats magic kingdom. good morning from...
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Dec 31, 2012
12/12
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there's no deal yet to prevent the country from going over the so-called fiscal cliff. income tax rates rise on everybody, also going up, payroll taxes, capital gains, dividends, estate and gift taxes. 27 million more people paying the alternative tax. $110 billion in spending cuts going in to effect, unextended unemployment benefits expiring and payments to medicare go down. what does your gut tell you? are you worried about what will happen tonight? go to facebook.com/newsnation to vote. >>> and take a look at what the "news nation" is saying about yesterday's "gut check." do democrats and republicans want to go off the cliff? 31% said, yes. 69% said, no. >>> that does it for this edition of "news nation." i'm t.j. holmes in for tamron hall. "the cycle" is up next but first look at the holiday wishes from all the people here at msnbc. we're working hard behind the scenes to make sure you get the news every day. >> happy holidays from "the daily rundown." >> happy holidays. >> and have a very happy new year. >> happy holidays. >> happy holidays. ♪ >> happy new year f
there's no deal yet to prevent the country from going over the so-called fiscal cliff. income tax rates rise on everybody, also going up, payroll taxes, capital gains, dividends, estate and gift taxes. 27 million more people paying the alternative tax. $110 billion in spending cuts going in to effect, unextended unemployment benefits expiring and payments to medicare go down. what does your gut tell you? are you worried about what will happen tonight? go to facebook.com/newsnation to vote....
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Dec 10, 2012
12/12
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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Dec 8, 2012
12/12
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but democratic leader nancy pelosi says the problem goes beyond the fiscal cliff debate. >> our economy is moving forward, but it could be growing at a faster rate. the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add jobs, or the president's stimulus policies are fuelling the economic recovery in this country. joining me tonight to sort out the facts, david cay johnston, pulitzer prize winning journalist and author of "the fine print. let's start with the job growth. unemployment hit rock bottom near the beginning of the -- under the bush administration. you can see this right here. and this of course the changing the color here is when president obama took over in january of '09. who is responsible for this turnaround? >> absolutely the president. and it would be a better turnaround if the republicans had allowed a bigger st
but democratic leader nancy pelosi says the problem goes beyond the fiscal cliff debate. >> our economy is moving forward, but it could be growing at a faster rate. the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add...
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Dec 6, 2012
12/12
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cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we were asking early on, is there a wa
cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to...
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Nov 30, 2012
11/12
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insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him. okay? >> ouch. athena jones live from washington. same old same old. where do we go from here? >> that's the big question. the nice talk after the election is pretty much gone away. you mentioned one of the big sticking points, that's taxes. republicans and democrats can't agree on how to raise the tax revenue? end the bush tax cuts for the wealthy, close the loopholes, raise the capital gains taxes or all of the above. right now, they can't agree on how much money should be
insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats...
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Nov 15, 2012
11/12
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and i could argue that in the gradations of financial armageddon the fiscal cliff is a lesser potential worry than that financial armageddon because you're going to -- no one thinks their social security checks aren't going to come. second, when the clock was ticking last year the universal fear was that the u.s. debt would be downgraded. you know the moody's and s&p thing. talk about a frightening unknown. i remember being at eagles training camp in lehigh and the players were all worried about are u.s. government bonds coming under pressure from our government's profligacy. they're worried about the moody's and s.e.c. downgrades. wrong on two counts. first, they should have been far more worried about their performance on the field. [ rimshot ] and second, interest rates actually went down and they went down very big. so worry completely misplaced. totally misplaced. now you got the picture. big scare after stocks went down initially but then after a decline similar to the one we're having now we began to see stocks stabilize. which ones stopped going down first? that's what we've got
and i could argue that in the gradations of financial armageddon the fiscal cliff is a lesser potential worry than that financial armageddon because you're going to -- no one thinks their social security checks aren't going to come. second, when the clock was ticking last year the universal fear was that the u.s. debt would be downgraded. you know the moody's and s&p thing. talk about a frightening unknown. i remember being at eagles training camp in lehigh and the players were all worried...
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Dec 10, 2012
12/12
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cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've seen in two months. a low moving storm dumped more than a foot. 150 flight cancellations and delays at minneapolis st. paul airport. nbc meteorologist bill karins has been tracking those storms. it looks bad. >> impressive. ten inches in minneapolis. winter has arrived and in a big way through the middle of the country. the wind chills are brutal this morning. all of this mess is now sliding to the east coast. thankfully not the snow and ice. the storm itself is actually located over lower michigan heading up towards just north of buffalo. these storms in the winter that track up into canada drag warmer air to the east coast. that's why we're not worried about a big snow
cliff. >>> the latest on the death of the royal nurse. >>> handcuffed man makes off with a police cruiser. >>> and could hillary clinton be presented with an offer she can't refuse? >>> very good morning to you, i'm veronica de la cruz. right now residents in the midwest are waking up to some of the heaviest snowfall they've seen in two months. a low moving storm dumped more than a foot. 150 flight cancellations and delays at minneapolis st. paul airport. nbc...
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Nov 8, 2012
11/12
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cliff. are you encouraged by what you heard from john boehner? >> i'm encouraged. i don't think there's any way we can go over the cliff. we can't afford to. i am encouraged by what i heard the speaker said. the only thing that struck me funny in how he expressed himself is in talking about this being the president's moment, that this was basically his responsibility. this is a shared responsibility, both house and senate leadership and the white house are going to have to come together. both parties are going to have to come together. these problems are simply too large for either party to solve alone. plainly, that's what the country wants us to do. >> you heard one of the things that speaker boehner did was he shot shouted out to the president this is your moment. let me read to you what gale collins said today. "in the past when these things came up, the president's failing was his inability to hide his contempt for many of the people that occupy capitol hill. now is a new day, and he ne
cliff. are you encouraged by what you heard from john boehner? >> i'm encouraged. i don't think there's any way we can go over the cliff. we can't afford to. i am encouraged by what i heard the speaker said. the only thing that struck me funny in how he expressed himself is in talking about this being the president's moment, that this was basically his responsibility. this is a shared responsibility, both house and senate leadership and the white house are going to have to come together....
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Dec 31, 2012
12/12
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if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to treat all couples equally. illinois passed a law approving civil unions for same sex couples in june of last year. if you're going out to celebrate tonight. the c-t-a is offering you a safe ride home for a penny. this year, the c-t-a is partnering with "miller lite" to provide rides on buses and trains for just one cent. penny fares begin at 10 p-m tonight. continuing through four a-m on new year's day. >> they are erupting with tons of exploding fireworks as they welcomed in the new year. it was the world's first major celebration for 2013. 7 t of fireworks were set off from rooftops and barges. many of them
if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to...
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Dec 18, 2012
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house republican leaders say a new proposal from president obama to avoid the so-called fiscal cliff is a small step in the right direction. it includes higher tax rates on incomes of $400,000 instead of $250,000, the first change in the white house proposal. >>> senator daniel inouye of hawaii has died at the age of 88 after serving in congress since his election in 1959. senator patrick leahy of vermont takes over as president pro-tem of the senate, third in line to the presidency. before his death, inouye recommended a successor, but the governor will have to make that call. >>> nikki haley chose tim scott as the state's next senator, replacing jim demint. that makes scott the state's first black senator since reconstruction. >>> since the mission was complete, two nasa spacecraft named ebb and flow were inen it shunally crashed into the moon yesterday. they circled the moon almost a year mapping the lunar gravity field and the area where they crashed was not one where others had landed before. >>> over to wall street. the dow opens at 13,235 after rising 100 points yesterday. the
house republican leaders say a new proposal from president obama to avoid the so-called fiscal cliff is a small step in the right direction. it includes higher tax rates on incomes of $400,000 instead of $250,000, the first change in the white house proposal. >>> senator daniel inouye of hawaii has died at the age of 88 after serving in congress since his election in 1959. senator patrick leahy of vermont takes over as president pro-tem of the senate, third in line to the presidency....
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Dec 19, 2012
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. >>> president obama's approval rating reached 57% in a cbs poll focusing on the fiscal cliff talks. >>> former republican senator chuck hagel is a top candidate to become the new defense secretary in the second obama administration, but there's some opposition questioning hagel's support for israel. >>> and ben affleck is reportedly on the list of possible successors if senator john kerry is nominated as secretary of state. affleck will be in washington today testifying before the house armed services committee about the security situation in congo is that's your morning dish of scrambled politics. >>> the dow saw its first back-to-back triple digit gains in five months tuesday. that was amid optimism that a deal will be reached on the fiscal cliff. today investors will be watching for fresh housing data and earnings from economic and holiday bellwether fedex. >>> this morning, swiss banking giant ubs announced it will pay a record $1.5 billion fine over its role in a global interest rate fixing scheme. >>> in the wake of the newtown massacre, cerberus is selling its majority stake
. >>> president obama's approval rating reached 57% in a cbs poll focusing on the fiscal cliff talks. >>> former republican senator chuck hagel is a top candidate to become the new defense secretary in the second obama administration, but there's some opposition questioning hagel's support for israel. >>> and ben affleck is reportedly on the list of possible successors if senator john kerry is nominated as secretary of state. affleck will be in washington today...
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Dec 3, 2012
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cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block the deal because they want to extend tax cuts. we can't afford for the wealthiest 2% of americans. >> reporter: john boehner dug in. no rate rises on anyone. >> the president's idea of a negotiation is roll over and do what i ask. >> reporter: the opening bid brought the gop leaders by geithner is a nonstarter. >> i was flabbergasted. i looked at him and said, you can't be serious. >> reporter: included in the offer, $1.6 trillion in new revenue, twice what was on the table in last year's failed grand bargain, and $
cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to...
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Nov 9, 2012
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cliff come from increasing tax rates. according to erin ston young it would destroy 700,000 jobs in our country. the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts and it's also why we passed a bill to extend all of the current tax rates. for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending cuts and extend the current rates, paving of the way for entitlement reform as well as tax reform with lower rates. 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i'm proposing we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans wor
cliff come from increasing tax rates. according to erin ston young it would destroy 700,000 jobs in our country. the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts and it's also why we passed a bill to extend all of the current tax rates. for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can...
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Dec 30, 2012
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what happens if we go over the fiscal cliff or get the type of deal the president is looking for? what we're talking about the top individual income-tax rate rising from 35% to 39.6%, the same tax rate we have before 2001. we do not need to be up at the 75% level. i would not advocate the go there but i think that is not really where we are and it is not where we need to be. host: we have a treat, who -- we have a tweet. they write -- host: the payroll tax is to% of income. -- guest: the payroll tax is 2% of income. the benefits of the payroll tax are larger or more important probably for low and middle income working families than they are for higher income families. that is certainly true. you have to remember that the payroll tax was a temporary provision. it actually was enacted at the end of 2010 to replace another temporary provision which was even more targeted toward low and middle income working families. i do not think anybody would dispute that at some point it needs to expire. the question is whether that time is now or whether it to go on a little bit longer. >> his r
what happens if we go over the fiscal cliff or get the type of deal the president is looking for? what we're talking about the top individual income-tax rate rising from 35% to 39.6%, the same tax rate we have before 2001. we do not need to be up at the 75% level. i would not advocate the go there but i think that is not really where we are and it is not where we need to be. host: we have a treat, who -- we have a tweet. they write -- host: the payroll tax is to% of income. -- guest: the...
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Nov 29, 2012
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cliff today. republicans complained the white house has yet to provide specifics about how the president would curve the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families will accede to under $50,000 a year. house speaker john banar is adamant that any tax revenues come from overhauling the tax code. clearing tax breaks and lowering rates for everyone. >> two tickets last night. one was sold in arizona one was sold in missouri in both matched all six numbers. arizona lottery officials said they have no information on the winter. they look at now is where it was sold at a press conference. two very lucky ticket holders. >> authorities have released the two names of two teenage girls were shot and killed during a weekend in oakland. 16 year old bobbysartan and 16 euro raquel gerstall will found 6:00 a.m. sunday morning with multiple gunshot spirit please do not have a motive for the killings now. they do not know why the girl for on an o
cliff today. republicans complained the white house has yet to provide specifics about how the president would curve the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families will accede to under $50,000 a year. house speaker john banar is adamant that any tax revenues come from overhauling the tax code. clearing tax breaks and lowering rates for everyone. >> two tickets last night. one was sold in arizona one was sold in missouri...
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Nov 17, 2012
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the fiscal cliff. i think these demonstrations and the level of people putting their bodies on the line, these were like students, cleargy. i was in the holding tank with a senior who was 75, trembling, barely able to stand up with his face against the wall cuffed for three hours. basically saying you all need to wake up because this is a big deal. you voted for fairness but you won't get fairness just because you voted. that's a key. on the republican side, we know that a lot of people that voted republican are actually with us on this issue. so how do we get in there and actually start to organize people and build a wedge there. >> one issue, i want to show this, that's a key point. like, here's bill crystal last week saying basically, you know, do we need to protect these tax cuts at the top. one of the most consistent polk results was that raising tacks on people at the top is incredibly popular. it's a majority position among republicans often. >> and the other popular position is don't cut benefi
the fiscal cliff. i think these demonstrations and the level of people putting their bodies on the line, these were like students, cleargy. i was in the holding tank with a senior who was 75, trembling, barely able to stand up with his face against the wall cuffed for three hours. basically saying you all need to wake up because this is a big deal. you voted for fairness but you won't get fairness just because you voted. that's a key. on the republican side, we know that a lot of people that...
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Nov 29, 2012
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cliff. treasury secretary tim geithner is on capitol hill right now set to meet with nancy pelosi in less than an hour. earlier today geithner met behind closed doors with house speaker john boehner, senate majority leader harry reid and frank mcconnell. the word he used to describe the overall negotiations, disappointing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign style rallies and one-sided leaks in the press are not the way to get things done here in washington. >> democrats today said they're confident a deal can be reached by christmas. but admit negotiations would need to pick up steam. as for senator reid, he says it's now up to the gop to make the next move. >> we're still waiting for a serious offer from the republicans. the president has made his proposal. we need a propos
cliff. treasury secretary tim geithner is on capitol hill right now set to meet with nancy pelosi in less than an hour. earlier today geithner met behind closed doors with house speaker john boehner, senate majority leader harry reid and frank mcconnell. the word he used to describe the overall negotiations, disappointing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line....
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Nov 23, 2012
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cliff will affect them. sylvia hall, "n.b.r.," washington. >> tom: we've seen the estimates on going over the cliff, recession, some even calling it debt-mageddon. but from tax rates, to entitlement spending, what are the real policy implications here? to answer that question, our washington bureau chief darren gersh recently spoke with economists from both sides of the aisle. dean baker and douglas holtz- eakin joined us and after a coin toss, darren started with dean asking him whether it's good policy for the president to insist tax rates should go up for high income americans. >> well, we are going to need higher tax revenue at some point. i think this is, you know, a good way to get it. i mean, this is the politics not the policy. we will need higher tax revenue. where are you going to get it from? the people who have the money. can you get it other ways? sure. but it seems to me you can get the money. when you have an opportunity to raise a good chunk of revenue by not doing something, i think i take t
cliff will affect them. sylvia hall, "n.b.r.," washington. >> tom: we've seen the estimates on going over the cliff, recession, some even calling it debt-mageddon. but from tax rates, to entitlement spending, what are the real policy implications here? to answer that question, our washington bureau chief darren gersh recently spoke with economists from both sides of the aisle. dean baker and douglas holtz- eakin joined us and after a coin toss, darren started with dean asking...
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Dec 3, 2012
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you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the president's plan is just, quite frankly, a joke. >> i'm not sure about that, senator graham, but there will be plenty of time for jok
you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was...